As the anticipated SEC approval date for Spot Bitcoin ETFs nears, BlackRock gears up with a $10 million seed fund for its own ETF launch. The move, announced via a post by Bloomberg analyst James Seyffart, underscores BlackRock's commitment to entering the Bitcoin ETF space. Despite SEC delays, including BlackRock's June submission, the industry remains hopeful, with analysts predicting a high likelihood of approval by January 2024.
